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Market updates
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US stocks close higher as tech, material stocks gain
November 08, 2021 01:49 PM PST| By Sanjeeb BaruahBenchmark US indices closed higher on Monday, Nov 8, lifted by gains in basic material and tech stocks and an upbeat economic outlook after lawmakers passed a US$1 trillion infrastructure bill. The S&P 500 was up 0.09% to 4,701.70. The Dow Jones...
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TSX up as healthcare skyrockets after GOP backs cannabis legalization
November 08, 2021 01:30 AM EST| By Sundeep RadeshAs expected, it looks like there is another strong month in the works in November for the TSX Composite Index. On Monday, November 8, it gained another 100.72 points to 21,556.54. With the Republicans reportedly coming on board to legalize marijuana,...
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TSX posts record high as commodities rebound, Oct job growth sluggish
November 05, 2021 01:30 AM EDT| By Sundeep RadeshThe TSX Composite Index on Friday, November 5, grew to a new all-time closing high of 21,455.82 points after the energy sector gained 1.6 per cent. On Friday, StatCan reported that the economy had added 31,000 jobs in total in October, building a lit...
TSX hits all-time high as OSFI allows banks to restart dividend hikes
November 04, 2021 12:27 PM EDT| By Sundeep RadeshA new record. Another gain of 77.03 points Thursday, November 4, saw it reach a new all-time high of 21,342.13 points. Energy was up about one per cent and industrials about 0.64 per cent giving the index a gain of 0.36 per cent. The other sectors, h...
US stocks close higher after Fed's taper remarks
November 03, 2021 03:01 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, November 3, after the Fed said it would start tapering its covid-era asset-buying program this month. The S&P 500 was up 0.65% to 4,660.57. The Dow Jones rose 0.29% to 36,157.58. The NASDAQ Compos...
TSX gains as commodities plummet, loonie up as Fed slows stimulus
November 03, 2021 12:04 PM EDT| By Sundeep RadeshThe TSX Composite Index rallied 95.09 points to 21,265.10 Wednesday, November 3, under 20 points away from its all-time high. However, there is every indication it can breach that mark in November, known to be a good month from a trading point of vie...
Wall Street closes at record high as earnings lift mood
November 02, 2021 03:15 PM PDT| By Sanjeeb BaruahBenchmark US indices continued their rally on Tuesday, November 2, bolstered by gains across stock segments as strong quarterly earnings of companies lifted the market sentiments. The S&P 500 was up 0.37% to 4,630.65. The Dow Jones rose 0.39% to...
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TSX in red as energy falls amid supply chain crisis, Air Canada soars
November 02, 2021 01:30 AM EDT| By Sundeep RadeshThe TSX Composite Index fell 77 points or 0.36 per cent to 21,170.01 Tuesday, November 2. On the back of the supply chain crisis, energy, that bears significant weight in the index, was down 1.64 per cent and base metals 0.83 per cent. Financials, a...
US indices gain on upbeat quarterly earnings, economic outlook
November 01, 2021 02:53 PM PDT| By Sanjeeb BaruahBenchmark US indices closed the first day of the month on Monday, Nov 1, with a buoyant note as stocks saw gains across all industry groups on upbeat quarterly earnings and economic outlook. The S&P 500 was up 0.18% to 4,613.67. The Dow Jones ro...
TSX gains with all sectors in green & loonie up, Cargojet lags
November 01, 2021 01:30 AM EDT| By Team Kalkine MediaThe TSX Composite Index grew one per cent on Monday, November 1. As we head into the last two months of the year, we are 19 months away from when the Covid-19 pandemic hit, for the most part, vaccinated and with the markets returning to relative norm...
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US indices close flat, weighed down by tech stocks
October 29, 2021 02:00 PM PDT| By Sanjeeb BaruahBenchmark US indices closed the week flat on Friday, October 29, weighed down by losses in technology stocks as inflation concerns rose after the latest government economic data. The S&P 500 was up 0.19% to 4,605.38. The Dow Jones fell 0.25% to...
TSX posts year’s biggest monthly gain as it grows 4.82% in October
October 29, 2021 01:30 AM EDT| By Team Kalkine MediaThe TSX Composite Index fell 160.46 points or 0.76 per cent to 21,037.07 Friday, October 29. However, the fact that it was only the fourth day in October to experience loss meant that it was the highest monthly gain posted by the index this year. The...
US stocks rally after economic data
October 28, 2021 02:33 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Thursday, October 28, after the latest economic data showed jobless benefits claims dropped to the lowest level since March last year. The S&P 500 rose 0.98% to 4,596.42. The Dow Jones was up 0.68% to 35,730...
TSX gains big as energy grows 4.6%, loonie up
October 28, 2021 01:30 AM EDT| By Team Kalkine MediaThe TSX Composite Index was back above the 21,000-point mark after energy grew 4.6 per cent by market close Thursday, October 28. With all the sectors posting gains, the index saw a single-day gain of 242.54 points, its highest since June 1. IT was...
US stocks close mixed as investors track earnings data
October 27, 2021 03:34 PM PDT| By Sanjeeb BaruahBenchmark US indices closed mixed on Wednesday, October 27, as investors delved into companies' quarterly earnings and sought to catch up with their latest developments. The S&P 500 was down 0.51% to 4,551.68. The Dow Jones fell 0.74% to 35,490....
TSX drops 1% on BoC’s blunt end to bond-buying, loonie gains
October 27, 2021 01:30 AM EDT| By Team Kalkine MediaThe TSX Composite Index plummeted 1.03 per cent Wednesday, October 27, when it fell 218.46 points to 20,954.99. The Bank of Canada (BoC) put a blunt end to its bond-buying amid skyrocketing inflation and energy prices, and the supply chain crisis. It...
US markets scale fresh highs on upbeat earnings, housing data
October 26, 2021 02:32 PM PDT| By Sanjeeb BaruahS&P 500 and Dow Jones closed at record highs for the second consecutive day on Tuesday, October 26, while Nasdaq rallied as quarterly results kept the markets in high spirits. The S&P was up 0.18% to 4,574.79. The Dow Jones Industrial Averag...
TSX's winning streak ends as most sectors fall, loonie down
October 26, 2021 03:32 PM EDT| By Team Kalkine MediaWell, the green streak is over, it lasted 14 straight trading sessions. Tuesday, October 26, saw the TSX Composite Index drop 0.52 per cent or 111.39 points to 21,173.45 points. Bar financials, every other major sector lost ground. Still, this is on...
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S&P, Dow Jones climb to fresh highs ahead of big tech earnings
October 25, 2021 02:43 PM PDT| By Sanjeeb BaruahThe S&P 500 Index and Dow Jones closed at record highs on Monday, October 25, ahead of quarterly earnings of big technology companies like Apple, Amazon, and Alphabet this week. The S&P was up 0.47% to 4,566.48. The Dow Jones rose 0.18% to 3...
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TSX on record 14-day green streak as energy & base metals gain
October 25, 2021 01:30 AM EDT| By Team Kalkine MediaThe TSX Composite Index hit a record 21,284.84 points by market close Monday, October 25. After gaining 68.69 points, the index shut on a 14-day green streak. This is its longest streak of gains since 1979. The last time the index closed in the red w...
